Cagamas president and chief executive officer Datuk Chung Chee Leong (pic) said proceeds from the issuance would be used to primarily fund the purchase of eligible non-carbon emitting industrial hire purchase receivables for small and medium enterprises that contribute to environmental sustainability.
KUALA LUMPUR: Cagamas Bhd has announced the issuance of its first Asean sustainability bonds totalling RM100mil, comprising RM35mil one-year, RM20mil two-year and RM45mil 2.5 year bonds.
The bonds are issued under the national mortgage corporation’s existing RM60bil medium-term notes programme.
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